Actuate Signs Award-Winning Financial Services Consultancy, SecondFloor, as Strategic Reseller Monday 28 January 2008 PDF Print Risk Reporting Solutions Specialist Standardises on Actuate to Underpin Applications Delivery London, UK – January 28th, 2008 – Actuate Corporation (NASDAQ: ACTU), the leader in Business Intelligence, Performance Management and Reporting Applications, today announced that it has signed a strategic reseller agreement with Dutch-based financial services risk management and ICT specialists, SecondFloor. SecondFloor is a specialist financial industry and ICT consultancy practice offering change management services and business solutions based on industry best practices and a proven project management approach that increases the effectiveness of its financial services clients. Now as an Actuate reseller, focusing on the EMEA financial services market, SecondFloor offers its clients Actuate’s sophisticated reporting technology as a component of its risk management software and across its solutions portfolio. Martin Knook, Managing Director Business Development of SecondFloor explains, “We have already used Actuate technology in a risk dashboard that we developed for an international financial services company. This Risk Dashboard provides the executive Board and the Supervisory Board of the company with information concerning aggregated risk of all business lines, together with increased visibility of complex reporting structures and support for a SOX-compliant audit process. The partnership ensures high quality software solutions with excellent reporting capabilities that meet our clients’ demands.” Last December, the risk management solution ECAPS, built by SecondFloor and Algorithmics for ING Corporate Insurance Risk Management (CIRM), was awarded the prestigious 2007 Banking & Finance ICT Innovation award for the Netherlands. This annual award is presented by Banking & Finance, a European Platform for Financial Professionals. ECAPS is a common platform for risk management; and pioneers the approach of applying “mass produced” replicating portfolios to risk management in insurance providing the ability to simultaneously update over 40 ING business units worldwide. The system and processes are auditable and SOX compliant. This environment of increased automation and control has enabled ING to publicly disclose economic capital results for the first time, to reduce risk-reporting time by 60%, and to allow instant access to global market risk data. It also establishes a firm basis for upcoming Solvency II requirements and a potential platform to meet IFRS Phase II accounting requirements for insurers. “We share a common vision and market specialisation with SecondFloor and it is a privilege to work with them to extend our respective footprints in the EMEA financial services market, “said Vincent De Gennaro, VP EMEA, Actuate.”SecondFloor has a long, proven track record of solutions and services innovation in financial services and is very sophisticated and selective about business reporting solutions. We look forward to teaming with SecondFloor to strengthen its BI capabilities and accelerate development of client solutions that create clear and measurable business benefits." SecondFloor’s Martin Knook responds, "Our partnership with Actuate will deliver significant benefits to us and our clients. “Actuate is not only the dominant BI provider in financial services, its technology is highly complementary with our existing risk solutions. Adopting Actuate as our standard BI solution will enhance and accelerate the growth of our current services, and it will help us to provide clients with innovative, high-value services." About SecondFloor SecondFloor is a rapidly expanding IT company that is based in The Netherlands. The company offers comprehensive expertise of the financial industry and ICT and levels up the effectiveness of their clients’ business, by managing changes and delivering business solutions based on a fixed date, fixed price agreement. Industry best practices and a proven project management approach are the foundation of SecondFloor’s services, solutions and sourcing activities. SecondFloor is a complete partner for organisations within the Financial Industry that want to redefine and renew their (IT-) processes, that seek for new solutions or want to introduce new products into the market. For more information please visit www.secondfloor.nl. About Actuate Corporation Actuate Corporation, the leader in Business Intelligence, Performance Management and Reporting Applications, enables organisations to develop solutions that optimise corporate performance. Actuate is the founder and co-leader of BIRT (Business Intelligence and Reporting Tools), the leading open source Eclipse Foundation BI reporting project. Applications built on Actuate’s open source platform provide all stakeholders inside and outside the firewall, including employees, customers, partners and citizens with information that they can easily access and understand to maximise revenue, cut costs, improve customer satisfaction, streamline operations, create competitive advantage and make better decisions. Actuate has over 4,000 customers globally in a diverse range of business areas including financial services and the public sector. Founded in 1993, Actuate has headquarters in San Mateo, California, with offices worldwide. Actuate is listed on NASDAQ under the symbol ACTU. For more information on Actuate, visit the company's web site at www.actuate.com. PR Contacts: Carina Birt, Sarum PR for Actuate UK Tel: +44 1722 411150 Email: firstname.lastname@example.org This press release was distributed by ResponseSource Press Release Wire on behalf of Sarum PR in the following categories: Business & Finance, Computing & Telecoms, for more information visit http://pressreleasewire.responsesource.com/about.